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Robert Pozen Biography

Robert Charles Pozen (born 1946) is an American financial executive with a strong interest in public policy. He is the former chairman of MFS Investment Management, the oldest mutual fund company in the United States. He is also a senior lecturer at Harvard Business School and a senior fellow at the Brookings Institution.

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Robert Pozen Quotes

The way you delegate is that first you have to hire people that you really have confidence in. You won't truly let those people feel a sense of autonomy if you don't have confidence in them.

Autonomy, Firsts, People, Sense, Way

Routinize the routine. The things that aren't important to you, whether it's breakfast or your commute, try to do them with the least energy possible so that leaves you with more energy for other things.

Energy, Important, Possible, Routine, Trying

We don't take a macro view. . . We'd look at every company to figure out if trade sanctions are helpful or hurtful.

Helpful, Hurtful, Looks, View, Views

If employees need to stay late in order to curry favor with the boss, what motivation do they have to get work done during normal business hours? After all, they can put in the requisite 'face time' whether they are surfing the Internet or analyzing customer data.

Educational, Hours, Internet, Motivation, Order, Surfing

Sometimes you need more hours, sometimes you need fewer hours.

Fewer, Hours, Needs, Sometimes

The most important thing is to talk to people that have jobs that you might like and to see what they say the job involves.

Important, Job, Jobs, People, Thing

The classic problem as an entrepreneur is that they have a hard time delegating. But that's really crazy. Recruiting other executives is critical, so is dealing with customers and dealing with regulators. Those are functions that only the top founders can do.

Crazy, Entrepreneur, Founders, Hard Times, Recruiting

Wall Street is at best ambivalent. The size of the accounts is nothing big. How many Wall Street firms do you know that are running after people with $5,000 accounts?

Accounts, Nothing, People, Running, Wall

There are people who literally cannot start a project until the deadline is four hours away, even if it's a big one. And those people have a serious problem. My recommendation is set up mini-deadlines. You might say, 'Okay, here's my deadline after three days for this and there's another deadline for that and then a third deadline.

Away, Deadline, Four, People, Three

I'm used to being productive, ever since I was young.

Productive, Used, Young

Priorities are the yearly goals that I'm most interested in achieving, then they become operationalized through weekly goals.

Achieve, Goal, Goals, Interested, Priorities

You have various institutions like law firms and accounting firms which bill by the hour. I'm really against that. You have an incentive to go slowly, be there as long as possible, to over-research things and over-staff.

Accounting, Bill, Law, Like, Long, Research

America is the only major country that tries to ascertain who was the first applicant to invent the product or procedure. This may seem fair, but long proceedings to determine precisely when each party conceived an idea result mostly in keeping innovations from hitting the market.

America, Country, Mostly, Party, Procedure

Mandatory auditor rotation is designed to address a potential conflict of interest between a public company and its auditor. Because an auditor is hired and paid by the public company it audits, the auditor's desire to maintain a good relationship with its client could conflict with its duty to rigorously question the client's financial statements.

Client, Clients, Desire, Potential, Relationship, Statements

No matter what your career aspirations are, you should begin by thinking carefully about why you are engaging in any activity and what you can expect to get out of it.

Begin, Careers, Engaging, Expect, Matter, Thinking

The night before, go over your schedule and see what you're going to do and what the purpose of what you're doing is. I advocate having a two-column schedule. On the left, put down all your appointments and phone calls. On the right, put down what the purpose is.

Having, Night, Phones, Purpose, Schedule, Two

It's 5 P. M. at the office. Working fast, you've finished your tasks for the day and want to go home. But none of your colleagues have left yet, so you stay another hour or two, surfing the Web and reading your e-mails again, so you don't come off as a slacker. It's an unfortunate reality that efficiency often goes unrewarded in the workplace.

Home, Left, Office, Reading, Reality, Working

Most people get overwhelmed by the insignificant decisions of their lives. I'm urging people to minimize the time spent on these when they're not critical to their most important goals.

Decision, Goal, Insignificant, Overwhelmed, People